Angus Energy Share Discussion Threads

[jtidsbadly] 29/8/2021 23:36

UJ9: that’s a good question. If Anguish use part of the £12mm. for g&a expenses, it’s hard to see how they’ll be able to finance the completion of the project. The money’s got to come from somewhere. But they’ve also got £1.456mm to find in April to repay Knowe and £4.44mm+ to pay the interest and first instalment of the loan repayment in early June. They’ll need to be producing gas as early as possible in the new year to meet these payments, never mind g&a expenses. I’m not surprised if people are predicting another placing. It’s hard to make the sums add up without one, or two. They’ll want the share price up a bit first, won’t they, if they can manage it?

[ultimatejustice9] 29/8/2021 18:00

Quite a bit of talk regarding a fund raise on telegram. I don't think they would need it given they have got 12m. Can the 12m be used for everyday costs ?

[ultimatejustice9] 27/8/2021 19:47

Ok, I take that back.

[jtidsbadly] 27/8/2021 19:37

UJ9: perhaps, but I’m not a de-ramper.

[ultimatejustice9] 27/8/2021 19:25

That's a bit mean! Looks like another one with a terrible record is about to go. Few tweets saying UJO is going under. Makes me very nervous to invest back in angs atm

[jtidsbadly] 27/8/2021 17:49

With respect, UJ9, it seems to me that one doesn’t have to be very clever to ask questions you hadn’t thought of. I’m pointing out this hedge issue because it seems important for shareholders here and it’s slipped, so far, under the radar. I think that weak management, particularly where they are economical with the actualité, should have their shortcomings pointed out. The Anguish Board seems to me to stand out as an egregious example of poor management, even in the context of AIM.

I haven’t lost any money in this as things stand. I’d “let go” now.

[jtidsbadly] 27/8/2021 17:18

If it’s options or futures, as I understand it, they need marking to market and you’d find out next March, when the annual accounts should be published. Otherwise, if it’s forwards of some kind, you probably won't know until the effects on profits have to be revealed, which would make it not before the end of July 2022.

I don’t ask shareholder questions but I’d ask about this if I did.

[ultimatejustice9] 27/8/2021 17:16

I have a couple of questions for you Jtidsbadly... You are a very cleaver de-ramper, you ask difficult questions that I had not thought of. You point our discrepancies that the average punter would not look out for. But why? I don't believe you are a LTH here ,I would be disappointed if it turned out you were at some point and just bitter. I believe you are betting against the share price potentially with a few others. Am I warm? I don't blame you as its been a total sh*t show here for years. Can you let me know your motives for posting & at what price do you let go?

[ultimatejustice9] 27/8/2021 17:07

Where would this cost be recorded ?

[jtidsbadly] 27/8/2021 16:36

Well, the most important variable is the volume of gas they manage to produce. The greater the production deficit vs. forecast, the larger the potential loss. I think it’s unlikely the hedges are options, they would have been very expensive and you pay for them upfront.

[1347] 27/8/2021 16:05

It's 1347 actually and yes but IF we don't know the type and the terms we don't know what has to be marked to market do we. I repeat until and unless we can remove the IF word in there the impact cannot be quantified other than that being forced to hedge at 43p is not good for shareholders if gas prices remain high.

[jtidsbadly] 27/8/2021 15:29

gkb: it doesn’t matter what they are. Options and futures have to be marked to market, so we’ll know earlier if they’re the chosen hedge medium, rather than forwards/swaps. Options would have cost them a lot upfront, I doubt they’re those. If they’re anything else, my remarks apply - they’ll lose their shirts if the gas price stays anywhere near where it is now and Anguish fail to produce 70% of their expected volumes. This is far more important than the current discussion elsewhere about abandonment provisions.

[1347] 27/8/2021 15:01

No both wrong, there is in fact a far more logical reason, which is to try and recover some misjudged 'investment' in Anguish Energy by trading spikes, I have mentioned this before.

Hardly my fault if the quality of management and the ramping here and elsewhere is of such poor quality that they can't get the share price to stagger over the last placing price for long enough to gain any momentum.

By the way, it's waste of time trying to predict what will happen based on future gas prices as we don't know the type and the terms of any futures/swaps/options, other than the scant information in the RNS, I've also mentioned this before.

[sincero1] 27/8/2021 14:47

or people are buying and holding because jtisadly and the other resident window lickers have been proven to be trying their best to discourage people with negative supposition and scaremongering all of which has transpired to be untrue...and the recent positive news on financing , planning, hires, equipment, mercuria , shell is all undeniable .. shall i post jtisadly's recent comments again.? . yeah ...its nice to point and laugh sometimes at the clowns :
5.7.21 "placing this week or next"
8.7.21"another placing or two in the next few months"
9.7.21 "" placing is in the queue and will come once the latest UKOG issue has been digested"
14.7.21 ""I'm expecting two placings this year"
21.5.21 "poor angus 0.20 soon" 12+ weeks ago.
" share price into the sixties shortly " 12+ weeks ago.
"oga approval doubt" .
" financing doubt" .
" running out of money " weekly prediction for last 6 months.
" 0.15 by end of year".
" placing soon " daily prediction for last 6 months.
"its a pump & dump" - it wasn't.
"gas to Shell at current prices from New Year until July in decent volumes. I' put the chances of that at about 1%"
and todays addition to his roll call of shame:
"you should be pleased - that 0.70p re-entry level of yours is just round the corner.

[jtidsbadly] 27/8/2021 13:54

HITS: ..or bravado. That’s the only explanation I can think of for some of these types buying more.

[ultimatejustice9] 27/8/2021 13:26

Why did you hold for so long HITS?

[headinthesand] 27/8/2021 12:59

JTids, in answer to your question "Why is anyone still holding these?", I'd say there's a simple reason. Confirmation bias.

[sincero1] 27/8/2021 10:22

jtisadly's dear oh dear...lets see some of your recent posts..all clueless. ridiculed... discredited completely ...
5.7.21 "placing this week or next"
8.7.21"another placing or two in the next few months"
9.7.21 "" placing is in the queue and will come once the latest UKOG issue has been digested"
14.7.21 ""I'm expecting two placings this year"
21.5.21 "poor angus 0.20 soon" 12+ weeks ago.
" share price into the sixties shortly " 12+ weeks ago.
"oga approval doubt" .
" financing doubt" .
" running out of money " weekly prediction for last 6 months.
" 0.15 by end of year".
" placing soon " daily prediction for last 6 months.
"its a pump & dump" - it wasn't.
"gas to Shell at current prices from New Year until July in decent volumes. I' put the chances of that at about 1%"
and todays addition to his roll call of shame:
"you should be pleased - that 0.70p re-entry level of yours is just round the corner.

[jtidsbadly] 27/8/2021 10:19

They are still going on about higher gas prices on the other site. Higher prices will only affect the marginal volume (if any) of gas produced by July 2022 in excess of 70% of their assumed production.

Why doesn’t anyone seem to understand this? If they produce less than 70% of what they predicted when they signed the hedge terms, a gas price higher than 43p will represent losses on every unit they fail to produce. If gas is above £1/therm in July next year, their losses on the hedge contracts could exceed the profits of their sales under the Shell contract.

I don’t think investors should be in any doubt about this. The start date for Poundland gas production is already slipping, currently to February. There’s a substantial question mark about the chances of success with the sidetrack - quite apart from its timing. Things have gone quiet, presumably while their Lordships are sunning themselves on the beach at Rock and gorging at Padstow. They’re likely to need more money from shareholders soon (sorry, shills..). Why is anyone still holding these ?

[sincero1] 27/8/2021 10:07

ja51"contractvoid"oiler - "They could well be in breach of conditions in said contract" " I'm sure there will be a contract in place but I very much doubt it will be the original"
JA51OILER - 31 Mar 2021 -" As JT has pointed out, if there was a contract still in place with Shell as you maintain, Angus would be in breach for non-delivery and it would now be void...


...apparently Shell group has a legal dept of over 1000 of which 70% are lawyers ....

ja51"contractovoid"olier brown trousers on ....

[sincero1] 27/8/2021 10:06

jtisadly's dear oh dear...lets see some of your recent posts..all clueless. ridiculed... discredited completely ...
5.7.21 "placing this week or next"
8.7.21"another placing or two in the next few months"
9.7.21 "" placing is in the queue and will come once the latest UKOG issue has been digested"
14.7.21 ""I'm expecting two placings this year"
21.5.21 "poor angus 0.20 soon" 12+ weeks ago.
" share price into the sixties shortly " 12+ weeks ago.
"oga approval doubt" .
" financing doubt" .
" running out of money " weekly prediction for last 6 months.
" 0.15 by end of year".
" placing soon " daily prediction for last 6 months.
"its a pump & dump" - it wasn't.
"gas to Shell at current prices from New Year until July in decent volumes. I' put the chances of that at about 1%"
and todays addition to his roll call of shame:
"you should be pleased - that 0.70p re-entry level of yours is just round the corner.

[jtidsbadly] 27/8/2021 09:00

JA51: yes, neither the de-commissioning costs nor the subsequent £12mm. are included in any of the three possibilities outlined in the CPR. I think we’ve been saying for a year that the CPR is not worth the paper it’s written on. The Anguish shareholders appear to be financing the new boys’ new offices in congenial Knightsbridge. I don’t suppose, in these circumstances, that the part-time Interim MD will want to relinquish the lease on Chiswick. Unless he too feels he can justify a more prestigious address. I mean to say..

[ja51oiler] 27/8/2021 08:16

I'm sure we won't have heard of it as it will be only recently opened. Much like the multiple companies, all the directors have set up in the last year!!

[1347] 26/8/2021 22:15

Possibly the Royal Thames Yacht Club as they seem to like water and sailing close to the wind?